In a few years’ time Old Mutual will regret offloading its property portfolio.
For many investors, Growthpoint is a good proxy for the property sector. It is in the Alsi 40, with a R26bn market cap. It has a similar split to the overall property market, with 42% in offices, 36% in retail and 22% in industrial property. In the year to June, however, the increase in Growthpoint’s distribution (dividend) was below the listed property sector’s at 5,8%.
Redefine International says that part of the capital raised in its private placement of units will be used to subscribe for additional shares in Redefine International plc.
In a first for property students, the South African Property Owners’ Association (SAPOA) now offers student membership as well as a range of other student benefits
Taking charge of South Arica’s largest independent property service provider, Broll Property Group, experienced property specialist Malcolm Horne has been appointed CEO by the company’s shareholders
The Ferndale portfolio offers a variety of properties, including an office redevelopment opportunity, a single tenant office building and a large motor retail property with great income.
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Generating income from three leases, the underutilized bulk petrochemical distribution facility located in Roodekop, Germiston, goes on auction on September 15.
After the economic shot in the arm provided by the 2010 World Cup, the retail sector in Africa’s largest economy is knuckling down to assess how to maintain, encourage, and identify untapped opportunities for retail growth in the months to come
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